The guy in front of me, whom Hajime Yagyu calls MP3, is about the same size as a floppy disk and about two centimeters thick. Its only advantage is its light weight.
Feng Yu weighed it with his hands and found that it was less than one hundred grams, which was much lighter than the Walkman, CD player and MD player. The screen looks quite bright. It can display the playback time, arrange the playback sequence, and also have a battery indicator.
According to Hajime Yagyu, two better AA batteries can be used continuously for eight hours. Feng Yu tried the sound quality and found it was indeed good.
This thing gives Feng Yu a feeling. It looks like the oldest version of I-TOUCH, but it doesn't support video, so that won't work.
MP3 is a portable music player. You are so big and you are so portable!
"Yagyu, your product is far from what I imagined." Feng Yu said helplessly.
Although the appearance and size are much different, the basic functions are the same as what he requires. The most important thing is that this is the first MP3 player developed in the world. Once the patent is applied for, it can block the research and development of other companies to a certain extent.
Feng Yu remembered that the first MP3 player in his previous life seemed to have been successfully developed by a subsidiary of Four Star Company, but the subsidiary had no money and could not promote it, and the project was eventually shelved.
However, other South Korean companies have begun to dabble in this product, and companies in the island country are naturally not to be far behind. But it was American companies that really made MP3 popular.
Then MP3 quickly became popular all over the world. Electronic companies from various countries launched MP3 one after another, and the market prospered. Of course, this has also led to the continuous shrinking of the market share of cassette players, CD players, MD players, etc., and has even led to the collapse of the record industry in disguise!
Hajime Yagyu didn't expect that a product that he thought was perfect would receive such an evaluation. It was very different from what he imagined. So what was it like in his imagination
Seeing the confusion on Hajime Yagyu's face, Feng Yu gestured with his hands: "I made it very clear that MP3 is a portable player. Pay attention to the word portable. Your head is almost the same as a CD or MD player. It’s larger than a Walkman, so how do you embody the word portable? How do you increase competitiveness? If you can reduce it by half, then this product can be launched on the market!”
Shrink by half? Isn't it about the same size as a mobile phone? How much more research and development expenses will we continue to invest
"What, can't you do it?" Feng Yu asked with a frown.
"It can definitely be done, but I will continue to invest a lot of money." Hajime Yagyu said worriedly.
"Let's leave it here at MD. There is no need to continue to study it in depth. After this becomes half the size, how many people do you think MD will buy? This product can bring huge profits to the company in the future. Compared with profits, , investing those R&D funds is nothing.”
Feng Yu sees this very clearly. Even if the research and development cost is doubled, it is still very cost-effective. This product will not only bring a lot of profits to AIWA, but also enhance AIWA's status, allowing AIWA to completely surpass Sony and become the leader in the portable music player industry, with no rival!
Yagyu Shenghao thought for a while, and it seemed like this, and he didn't turn around at all.
"Okay, I'll let people continue to study it and reduce it by half."
"One-half is not the limit. If you can reduce it by a quarter, that would be even better." Feng Yu once again put forward a more demanding requirement.
Hajime Yagyu had a bitter look on his face, one quarter, could he succeed? But since the big boss asked for it, let’s do it. Without the investment from the big boss, the AIWA company and AIWA brand would have been wiped out by Sony long ago. Where would it be where it is now
Liu Shenghao still had an idea in his heart, but he didn't say it a few times. Today he just wanted to mention it to Feng Yu.
"Mr. Feng, I heard that Sixth Sense Company's stock price soared after it was listed in the United States."
Feng Yu glanced at Yagyu Hajime: "Do you want AIWA to go public and raise funds?"
Hao Yagyu nodded hurriedly: "After our MP3 comes on the market, most of the production lines that produce Walkmans and CD players will be eliminated, and not many can be used. And we have to continue to develop headphones, speakers, and power amplifiers. When we increase investment in research and development of products, we also need to build new factories or expand old factories, which all require money."
Feng Yu asked curiously: "Didn't the company take out a lot of loans last time?"
Feng Yu borrowed the AIWA loan for a period of time through legal means, and then paid it back with interest. Although going public can raise funds and get more funds for development, the same money earned must be shared with others.
AIWA is different from Sixth Sense. AIWA specializes in electrical and electronic products related to music. Unlike Masao Kameda, he has to run his own magazine, set up a TV station, expand product categories, expand factories, etc., which requires money. There are so many places.
"It's not enough. We don't have many projects being developed at the same time, so we naturally spend a lot of money. Of course, it doesn't matter if we don't go public, and the funds can still be turned over. But after the listing, the company's stock price rises like this, and our company's Couldn’t the market value also rise sharply?" Hajime Yagyu said.
Feng Yu understands, this is the point. When a company goes public, it sells its shares at a premium. As the stock price rises, Yagyu Hajime's net worth will also skyrocket. Does he want to cash out a sum of money and do something
Forget it, it doesn’t matter what others want to do, AIWA will still be listed in the future anyway, and using other people’s money to develop your own business is the most awesome thing to do.
"After this MP3 research is successful and goes on the market, we will definitely make more money by listing AIWA at that time. If you go public now, the stock price will not be too high. You have to think about this clearly." Feng Yu reminded.
"I know this, and that's what I mean. After the product is successfully promoted, it will be a good time to go public. At that time, you can use the financing funds to promote it, and then make profits through this MP3, a virtuous circle." Hajime Yagyu said happily.
He is not in a hurry to get the company listed, but if the company is not listed, the value of his assets will not be reflected, which will affect his status and the status of his family.
He has no plans to cash out the company's stocks for the time being, but just wants to increase his net worth so that he can provide more help to the Yagyu family.
A rich man with a net worth of US$100 million and a rich man with a net worth of US$500 million must have different rights to speak. The status of the president of a company with a market value of several hundred million US dollars is completely different from that of the president of a company with a market value of several billion US dollars!
"Well, remember to give a copy of this flash memory application technology information to Aihua Electronics in the mainland, so that they can help with the research." They are all companies controlled by Feng Yu, so of course they have this kind of patent exchange agreement.
The reason why Feng Yu reminded Hajime Yagyu to provide this technology to Aihua Electronics was because he wanted Aihua Electronics to use this MP3 product to develop another awesome application product of flash memory—U disk!
(End of chapter)